Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6312.2 Million | USD 11745.5 Million | 8.24% | 2022 |
FrequentlyAsked Questions
Raffia tapes are flat and thin ribbons that are made using Raffia which is a type of palm tree. The industry refers to the equipment and machinery used for the production of raffia tapes.
The global raffia tape stretching line market is projected to grow owing to the rising demand for sustainable packaging solutions.
According to study, the global raffia tape stretching line market size was worth around USD 6312.2 million in 2022 and is predicted to grow to around USD 11745.5 million by 2030.
The CAGR value of the raffia tape stretching line market is expected to be around 8.24% during 2023-2030.
The global raffia tape stretching line market is expected to witness the highest growth in Asia-Pacific with China acting as the major contributor.
The global raffia tape stretching line market is led by players like Starlinger & Co. Gesellschaft m.b.H., Polystar Machinery Co., Ltd., Bandera Luigi Costruzioni Meccaniche S.p.A., Hengyang Huayi Machinery Co., Ltd., Ruian Xinye Packaging Machine Co., Ltd., Kung Hsing Plastic Machinery Co., Ltd., Zhejiang Tianfeng Plastic Machinery Co., Ltd., Qingdao Leader Machinery Co., Ltd., SML Maschinengesellschaft mbH, Lohia Corp Limited, J P Industries, Windmöller & Hölscher KG, Chyi Yang Industrial Co., Ltd., Jinhu Group.
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